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Description

Walter Investment Management Corp. is a mortgage banking firm focused on the servicing and origination of residential loans, including reverse loans. The Company operates through six segments: Servicing segment perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio. Originations segment purchases and originates mortgage loans that are sold to third parties with servicing rights generally retained; Reverse Mortgage segment purchases and originates Home Equity Conversion Mortgage that are securitized, but remain on the consolidated balance sheet as collateral for secured borrowings. Asset Receivables Management performs collections of post charge-off deficiency balances. Insurance provides voluntary insurance for residential loan borrowers and lender-placed hazard insurance for borrowers and credit owners, as well as other ancillary products. Loans and Residuals consist of the assets and mortgage-backed debt of the Residual Trusts.